I like the way you think but that's a far fetched thought don't you think? 4th wave retrace is already done in a single zigzag to 38.2 (may be incomplete) On the contrary, if the current high is not taken out and it goes down for a c wave, that is ...

USD/JPY Discussion

You are welcome ... Yes that is the assumption from my technical point of view. If we have a strong number on NFP tomorrow .... 123.69 can be history . Trade safe friend.

USD/JPY Discussion

My view of the big picture on UJ Uj started the ascent somewhere in jan 2012 and seems to have completed 4 major waves up and now on it's way to complete the 5th wave. Normally wave 5 completes with a 61.8 expansion of the 1st 3 waves but this 5th ...

USD/JPY Discussion

The previous chart seems to have played out so far. Intraday minor waves. We have seen wave 1 during FOMC and then a retracement for wave 2 and now looking for a thrust up for wave 3. Hopefully by london session this should pick up steam and go to a ...

USD/JPY Discussion

Good morning Folks... I got stopped out from my buy . Reentered at 118.76. Hopefully will see TP at 121. SL below the current low. I think Scenario 1 played out so far. Now hopefully with adp numbers in Us session, we will get a wave 3 up ...

USD/JPY Discussion

everything is probable my dear. The market is vicious. It's out to bite every retailers bum. The index is overbought to the core but it keeps going higher. Now it's in a state that, it has to cover some more distance upward. (EW view) Your chart ...

USD/JPY Discussion

I am based in the middle-east. Heard of Dubai? I usually trade the 4 hr and daily charts (only swing), so my SL is normally high, but if it breaks the current low, i will get out of this trade. SL is put now 3 pips below the current low. Yes, you r ...

USD/JPY Discussion

2 scenarios can play out . 1st one is that wave 2 is incomplete in it's correction and is looking for a c wave down to 118.15 which is also weekly support 2 and 50% retracement of the 1st wave up. trend will hopefully resume up again after the ...

USD/JPY Discussion

Thank you.

USD/JPY Discussion

That's what i am wondering ... coz all the other majors seem to have failed and yen is still holding ... are there any fundamentals holding it? did some jap nerd say anything???

USD/JPY Discussion

yes ... half position .. gonna keep it until Nfp .

USD/JPY Discussion

Folks, Good morning and start of a new week and to see that US dollar strength has brought down most of the currencies paired with it except for the yen. Usd yen seems to be stubborn to move above the previous high, but the recent power of Us dollar ...

USD/JPY Discussion

In my honest opinion, price is still in bearish mode. So far, from last evening's fall, we have retraced 50% exactly in my chart (3 waves up). Now with this bearish price action, i am expecting a down move to 117.89 in which case AB will be equal to ...

USD/JPY Discussion

Look closely at the daily candle. 180 pips down today ... still think that it will touch 50% will will be around 250 pips for the day to 118.17. after that if we get a price action reversal signal, we will think of going long as clearly the trend is ...

USD/JPY Discussion

Buy on a breakout .

USD/JPY Discussion

As previously mentioned, the trend shows clearly up. This drop looks like a retracement to 50% and then resumption of the main trend, but since it is the year end, something smells fishy and i am not fully convinced. The reason being Us dollar Index ...

USD/JPY Discussion

No SL?? Take care friend.

USD/JPY Discussion

I've had a look at different alt counts and these yen pairs seems very confusing for me at the moment, so i have decided to stay away until the high of 121.84 is taken out. This bear candle is not a slow chop... it means business!!

USD/JPY Discussion

New Zealand dollar seems to be on steroids. gbp/nzd and eur/nzd crosses are moving like there is no tomorrow.

USD/JPY Discussion

Folks, The fractal on daily did the trick. IT looks like a good retracement is on the way. Hope it goes to at least 50%. I will start buying small from 50%. So far 76.4 seems to have stopped it. Maybe some more stop hits can stall it down to 61.8 as ...

USD/JPY Discussion